Sunday, May 08, 2005

Dirty little jobs secret

Unless you read Investors Business Daily (IBD) or the Washington Times, you probably don't know the dirty little secret that has happened in the job market over the last couple months. The New York Times buried the story somewhere in their tombstones of liberalism, as did the Washington Post and countless other 'mainstream' media outlets.
But, as your outlet for inside information, I'm going to let you in on the secret: 274,000 new jobs were created last month. There you have it. A quarter of a million people are working that weren't working before. Not only that, but the February and March numbers were revised up another 93,000 jobs.
So, over the last three months, the economy has added approximately 367,000 jobs. Not bad for an economy that was supposed to be in a 'soft patch'.
And if you take into consideration higher energy prices, it's even more impressive.. Just think what the numbers would be if companies didn't have to pay so much for fuel, heating, etc.

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